Ibrahim Alsahary
Minister: Egypt to generate additional 70 GW of electricity in next 10 years
Egypt
March 3, 2015
Minister: Egypt to generate additional 70 GW of electricity in next 10 years
Investment Minister Ashraf Salman said the government is finalizing a 10-year plan that will allow Egypt to generate an additional…
UPDATE:Two Egyptian families dominate wealth with US$21.5 billion, says Forbes
Egypt
March 2, 2015
UPDATE:Two Egyptian families dominate wealth with US$21.5 billion, says Forbes
Seven men in Egypt is populated by two families Sawiris and Mansour kept their spot as the world's richest men…
Ministry: Egypt’s budget deficit increased by 32.9% to LE159bn in July-January 2014/15
Egypt
March 2, 2015
Ministry: Egypt’s budget deficit increased by 32.9% to LE159bn in July-January 2014/15
Egypt's budget deficit has increased to reach about 6.9 percent of GDyP (LE159 billion), compared to 6 percent (LE119.6 billion)…
Egypt public debt increases 15.9 % to LE 1.995trillion at end of Sep 2014
Business
February 4, 2015
Egypt public debt increases 15.9 % to LE 1.995trillion at end of Sep 2014
Egypt's total government debt (domestic and external) increased by 15.9 percent to LE 1.995 trillion about 86 percent of GDP…
Ministry: Egypt’s budget deficit increases 47% in first half of 2014/15
Egypt
February 4, 2015
Ministry: Egypt’s budget deficit increases 47% in first half of 2014/15
Egypt's budget deficit increased reaching about 5.7 percent of GDP, during first half of fiscal year 2014/15, compared to a…
BG to reduce spending by US$4 bn over next 4 years
Egypt
February 3, 2015
BG to reduce spending by US$4 bn over next 4 years
BG Group, the oil and gas giant, is expected to reduce spending by US$1billion a year for the next four…
EFG-Hermes: Egyptian Pound move likely to encourage portfolio flows
Business
January 29, 2015
EFG-Hermes: Egyptian Pound move likely to encourage portfolio flows
Following the shift in monetary policy, the Egyptian Pound is now more likely to encourage portfolio flows as the move…
Report: Egypt’s telecom sector exports reach $1,4 billion in 2014
Egypt
January 24, 2015
Report: Egypt’s telecom sector exports reach $1,4 billion in 2014
Egypt's telecom sector has witnessed a significant growth over the last seven years, the ministry of Communications and Information Technology…
UPDATED: Egypt falls 3 places in top 10 cheapest countries compared to US , Burgernomics says
Egypt
January 23, 2015
UPDATED: Egypt falls 3 places in top 10 cheapest countries compared to US , Burgernomics says
Egypt's ranking declined three places to be the seventh among the world’s cheapest countries according to a statistic comparing the…
IMF revises upward its 2015 GDP growth forecast for Egypt to 3.8 %
Egypt
January 22, 2015
IMF revises upward its 2015 GDP growth forecast for Egypt to 3.8 %
The International Monetary Fund (IMF) has revised upward its 2015 GDP growth forecast for Egypt 30 bps to 3.8 percent…